AGP Executive Report
Last update: 11 hours agoFreeport-McMoRan Earnings: FCX beat profit expectations as copper prices surged, even as output fell and Indonesia’s Grasberg recovery continues after last year’s deadly mud flow. Ghana Anti-Galamsey: Ashanti’s security council imposed an indefinite ban on mining around Lake Bosomtwe and other districts, citing environmental damage and pledging surveillance and reclamation. Ghana Gold Smuggling Crackdown: Education Minister Haruna Iddrisu said President Mahama is reducing gold smuggling and pointed to record gold export receipts. Zimbabwe Lithium Push: Mutapa Resources says it has secured US$300m for lithium processing at Sandawana and unveiled a US$212m gold expansion targeting 110,000oz in 2026. India Illegal Coal Enforcement: CISF carried out 85 raids over July 20-26, seizing 1,277 tonnes of illegally mined coal and arresting five. India Metals Shift to Recycling: Ashika flags a structural move from mining to organised recycling, driven by scrap formalisation and battery and producer-responsibility rules. Hindustan Zinc Capex: Vedanta’s Hindustan Zinc plans about $500-600m (₹5,000 crore) in FY27, mostly for ongoing mining and smelter projects. Ecowas Gas Deal: Ecowas greenlit a Nigeria–Morocco mega gas pipeline framework for a 2028 start, aiming at 30 bcm/year. Indonesia Forest Crackdown: North Sulawesi forestry authorities shut illegal gold mining using heavy equipment in a production forest and detained suspects. Mining Meets AI Infrastructure: Earnings coverage highlights how data-center demand is pulling money into both copper mining and data-center real estate. Royal Navy Minehunting: Minehunting teams deployed uncrewed seabed scanning systems for overseas readiness, reflecting rising focus on clearing shipping lanes. Poolin Bankruptcy: Bitcoin miner Poolin filed for Chapter 11 and seeks approval to sell Texas assets amid large liabilities.
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